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Inventory17/4/2018 I was thinking how to boost sales increase revenue and realized it is down to inventory. Having a wide selection of cards will affect sales. If you are able to find 7 out of 10 cards on your list most probably you will make the purchase instead of having 5 of out 10 cards. With this I am buying aggressively to expand inventory sourcing locally and internationally for cards.
Chinese New Year 201815/2/2018 Last year was the first time I did not visit relatives. Got declined when I asked to. I'm not in it for the money. I did say no when they gave red packets. It is an occasion I can meet most relatives together at the same time. So I decided I will not be visiting any relatives for future chinese new year but during non festive season.
I don't have memorable CNY growing up. My mother always quarreled with my dad for money. Kept asking for more money out of him especially during CNY. She likes to celebrate in a different way. Then the gathering with friends. I used to like gambling cause it was part of having fun with friends during this period but there are 3 specific people who view this as an opportunity to make money off friends. 2 brothers and another degenerate. Can't take a beating sore losers. They would double up their stakes after losing and go off after winning. Do it at casinos. Not to friends. There was a craze for poker about 5 to 6 years back and we decided to play it instead of usual black jack. I did not join the game as my intention was to hang out. My close friend who invited us over asked me to take over as he wanted a break to smoke and catch up with another friend. I obliged and since it was not my money I had to protect his interest. I'm not a good poker player but did have some knowledge on it. After a few hands began to make moves to position myself ahead and sense where I was at the table. Raised preflop. 3 bet flop. Check raise. Basic poker my friend taught me who is a really good player. Then the time came for them to pull stunts. Fucktard younger bro: Wow. Can't you bet lesser and limp into the game? Me: I got good cards. (It was a bluff. They were playing to cards and I was playing to people. I knew I got them) Fucktard older bro: We just wanna play. Me: Yea sure just call. Fucktard younger bro: Eh. Don't sound so arrogant. Me: It is not my money I gotta protect. If you asked me to play for you I would do the same. Fucktard younger bro: Don't talk so much. If this was my place I would beat you up. My friend heard the commotion and relieved me from playing just in time. Think I made him $100 around 10 hands. Had the game started off at $0.1/$0.2 or $0.5/$1 I would have been more easy as lower stakes meant casual play but they went $1/$1 which showed their intention. Thought they might have played at some poker house but I guess not. Their view is so narrow. Lost all respect for them. I don't understand how people place their priorities. What is important for them is in fact so insignificant. Trying so hard to make themselves heard and become a nuisance. When their bubble gets burst they are unable to handle the truth and always able to conjure reasons to find blame. I find us being alive in this vast universe miraculous. Yes money is important but it is material. So love more. Be kinder. To others and yourself. Happy chinese new year everyone. Liquidity10/1/2018 A friend came by and we had tea. He asked how am I doing and I replied I'm doing well and getting busier. He said it will be good if daily sales would be equivalent to cards bought but I responded by disagreeing as I thought it would jeopardize liquidity as there will almost never be cash available only increase in cards. Can't buy a plate of chicken rice with cards and I don't wanna have a chopper in my face.
I think the gauge for cards bought be put around 30 to 40% of card sales as I believe it would provide sufficient stats and information on how the business is doing and plan my next step on buying and selling. If money goes down I will be more aggressive in selling and same goes to buying. Have more cash will buy more aggressively to restock to attract more customers. I have a simple structure. 50-50. Whatever money I have I spend 50% to buy and keep the rest in case a collection comes in. Money from sales, minus cost of cards and overheads, will be split 50-50 then rinse and repeat. I started with not much money had to be prudent and careful. The limitation allowed me to handle situations in differently. There is no right or wrong. Pick up and learn from it. Part of a lesson. Vision11/12/2017 Been awhile since the last entry. Things have picked up and getting more hits from website. Had always wanted to provide a good environment for players and treat the store as a second home. A place where people seek shelter from everyday issues. Everyone go through their own hardship in different ways. Be it home, school, or work. When they drop by for a game with friends the outside world does not exist. For a second. A minute. Hours even.
This is my vision. Life is a grind15/7/2017 Fortunate being able to have my friend on board. One can only go so far by himself. Have worked my way to reach this point where I can leave the operations in capable hands and free up time for me to think about next direction to go. Customers would not be solely reliant on me when I'm not around and business continue.
When your passion becomes work the effort to sustain it is ridiculous. There is no rest days, no public holiday, no leave. Can't afford to get sick. One day out means one day worth of income gone. Work does not end after shop closes. Receiving messages at all hours be it 3am or 7am trying to capture as much sales as possible. Learnt gradually to better handle it. I am really lucky to get this opportunity. I worked hard and still am trying to make it sustainable. Taking one step at a time. AuthorLaid back and enjoys a good laugh. Archives
March 2021
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